MACQUARIE SECURITISATION LTD PUMA GLOBAL TRUST #4

0000950123-04-012183.txt : 20041019 0000950123-04-012183.hdr.sgml : 20041019 20041018184309 ACCESSION NUMBER: 0000950123-04-012183 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041018 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041019 DATE AS OF CHANGE: 20041018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MACQUARIE SECURITISATION LTD PUMA GLOBAL TRUST NO 4 CENTRAL INDEX KEY: 0001258476 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-105642-01 FILM NUMBER: 041083993 BUSINESS ADDRESS: STREET 1: LEVEL 23 20 BOND ST CITY: SYDNEY NEW SOUTH WALES AUSTRAL STATE: C3 ZIP: 00000 BUSINESS PHONE: 01161282323481 8-K 1 y02182e8vk.htm MACQUARIE SECURITISATION LTD PUMA GLOBAL TRUST NO. 4 MACQUARIE SECURITISATION LTD PUMA GLOBAL TRUST #4

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) October 18, 2004

Macquarie Securitisation Limited (ABN 16 003 297 336)

(Exact Name of Registrant as Specified in its Charter)



New South Wales, Australia	333-105642	Not Applicable

(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)


Level 23, 20 Bond Street, Sydney NSW, 2000, Australia

(Address of Principal Executive Offices)		(Zip Code)

(011) 612 8232 3481

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Exhibit Index Located on Page 5

TABLE OF CONTENTS


Item 8.01 Other Events
Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits
SIGNATURES
INDEX TO EXHIBITS
EX-99.1: QUARTERLY SERVICING REPORT

Item 8.01 Other Events.

On August 19, 2003, pursuant to a registration statement (No. 333-105642), Perpetual Trustees Australia Limited, in its capacity as issuer trustee (the “Issuer Trustee”) of the PUMA Global Trust No. 4 (the “Trust”), publicly issued initial principal amount U.S.$1,200,000,000 of Class A Mortgage Backed Floating Rate Notes and initial principal amount A$57,500,000 of A$ Class B Mortgage Backed Floating Rate Notes (the “Notes”). A regular quarterly distribution is due to be made by the Issuer Trustee to the holders of the Notes on the quarterly payment date falling on October 12, 2004. In connection with this quarterly payment date, the registrant, as the manager of the Trust, prepared and delivered a quarterly servicing report to the Issuer Trustee and The Bank of New York, New York, as principal paying agent and note trustee.

Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits.

List below the financial statements, pro forma financial information and exhibits, if any, filed as part of this report.

(a) Financial Statements of Business Acquired.

Not applicable

(b) Pro Forma Financial Information.

Not applicable

(c) Exhibits.


Exhibit
No.		Document Description
99.1		Quarterly Servicing Report related to October 12, 2004 Quarterly Payment Date

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		MACQUARIE SECURITISATION LIMITED (Registrant)

Dated: October 18, 2004	By:	/s/ Matthew O’Hare

		Name: Matthew O’Hare Title: Treasurer

INDEX TO EXHIBITS


Exhibit
No.		Document Description
99.1		Quarterly Servicing Report related to October 12, 2004 Quarterly Payment Date

EX-99.1 2 y02182exv99w1.htm EX-99.1: QUARTERLY SERVICING REPORT EXHIBIT 99.1

PUMA GLOBAL TRUST NO. 4 QUARTERLY SERVICING REPORT
THE QUARTERLY PERIOD FROM 12 JULY 2004 TO 11 OCTOBER 2004

NOTE INFORMATION


	Class A Notes	A$ Class B Notes


Original Principal Balance of each class of Note at the time of their issue	*US$1,200,000,000*	*A$57,500,000*

Principal Balance of each class of Note at the end of the immediately preceding Quarterly Payment Date	*US$1,021,875,960*	*A$57,500,000*

Amount to be applied towards payment of principal on each class of Note on this Quarterly Payment Date	*US$62,825,880*	*A$0*

Principal Balance of each class of Note after payments referred to above have been applied	*US$959,050,080*	*A$57,500,000*

Note Factor at the end of the Quarterly Payment Date	*0.79920840*	*1.00000000*

Amount to be applied towards payment of interest on each class of Note on this Quarterly Payment Date	*US$4,648,400*	*A$914,271*

LIBOR / BBSW in respect of this quarterly period	*1.59000%*	*5.4583%*

Rate of interest payable on each class of Note in respect of this quarterly period	*1.78000%*	*6.3083%*

SUBORDINATION LEVELS

Moody’s indicative required subordination level at time of issue	2.38%
Standard & Poor’s indicative required subordination level at time of issue	1.90%
Initial Subordination Level provided on the Closing Date	3.02%
Actual Subordination Level on this Quarterly Payment Date	3.75%

A$ REDRAW NOTES AND A$ SUBORDINATED NOTES

As at 1 October 2004 no A$ Redraw Notes or additional A$ Class B Notes have been issued

REDRAW FACILITY

Redraw Facility Limit as at 1 October 2004	*A$8,250,000*
Redraw Facility Principal at the commencement of this Quarterly Payment Date	*A$250,000*
Redraw Facility Principal at the end of this Quarterly Payment Date	*A$250,000*
Redraw Facility Principal repaid during the quarterly period	*A$0*
Aggregate Subordinate Funded Further Advance Amounts in relation to the
Quarterly Payment Date	*A$14,194*
Interest paid on Redraw Facility Principal during the quarterly period	*A$3,483*

PRINCIPAL CASH BALANCE IN AUD

Principal Cash Balance at the commencement of this Quarterly Payment Date	*A$8,148,080*
Principal Cash Balance at the end of this Quarterly Payment Date	*A$7,664,810*

INCOME RESERVE IN AUD

Income Reserve at the commencement of this Quarterly Payment Date	*A$0*
Income Reserve at the end of this Quarterly Payment Date	*A$0*

COLLECTION INFORMATION IN AUD

Collections ⁽¹⁾ held by the Trustee in relation to this Quarterly Payment Date	*A$132,880,545*
Less: Principal Cash Balance at the end of the Quarterly Payment Date	*A$7,664,810*
Less: Income Reserve at the end of the Quarterly Payment Date	*A$0*

Collections (other than Principal Cash Balance and Income Reserve) at the end of the Quarterly Payment Date	*A$125,215,735*
Less: Collections to be applied towards repayment of Redraw Facility Principal on the Quarterly Payment Date	*A$0*
Less: Collections to be applied towards payment of Expenses of the Trust in respect of this quarterly period	*A$28,560,535*

Collections to be applied towards repayment of US$ Notes on the Quarterly Payment Date	*A$96,655,200*


Principal Collections (net of redraws and further advances) in relation to this Monthly Payment Date	*A$96,655,200*
Less: Principal Collections applied or retained by the Trust to be applied towards the acquisition of substitute housing loans	*A$0*
Less: Principal Collections to be applied towards repayment of Redraw Facility Principal on the Quarterly Payment Date	*A$0*

Principal Collections to be applied towards repayment of US$ Notes on the Quarterly Payment Date	*A$96,655,200*

US$ Equivalent of Principal Collections to be applied towards repayment of US$ Notes on the Quarterly Payment Date	*US$62,825,880*

(1)

The Collections figure shown is net of amounts applied or to be applied towards the acquisition of substitute housing loans and the funding of redraws and further advances

Page 1 of 2

PUMA GLOBAL TRUST NO. 4 QUARTERLY SERVICING REPORT IN RESPECT OF
THE QUARTERLY PERIOD FROM 12 JULY 2004 TO 11 OCTOBER 2004 (continued)

HOUSING LOAN POOL INFORMATION IN AUD


	Number of Housing Loans	Number of Housing Loan Accounts	Maximum Current Housing Loan Balance	Minimum Current Housing Loan Balance

Amount as at the close of business on the seventh business day prior to this Quarterly Payment Date	7,629	9,192	A$1,049,904	A$0

	Weighted Average Original Loan-to-Value Ratio	Weighted Average Current Loan-to-Value Ratio	Maximum Original Loan-to-Value Ratio	Total Valuation of the Security Properties

Amount as at the close of business on the seventh business day prior to this Quarterly Payment Date	74.12%	69.58%	95.00%	A$2,522,174,581

	Outstanding Balance of Housing Loans	Outstanding Balance of Fixed Rate Housing Loans	Outstanding Balance of Variable Rate Housing Loans	Average Current Housing Loan Balance

Amount as at the close of business on the seventh business day prior to this Quarterly Payment Date	A$1,525,296,803	A$113,537,518	A$1,411,759,284	A$199,934

	Maximum Remaining Term To Maturity	Weighted Average Remaining Term to Maturity	Weighted Average Seasoning	Stated Income Proportion

Amount as at the close of business on the seventh business day prior to this Quarterly Payment Date	348 months	336 months	23 months	19.72%

	Aggregate amount of Further Advances made	Average amount of Further Advances made per loan	Aggregate outstanding balance of loans on which a Further Advance was made immediately prior to the Further Advances being made

Further Advances (not being subordinated further advances) made during the period from 1 July 2004 to 1 October 2004	A$9,383,095	A$49,385	A$42,111,232

DELINQUENCY INFORMATION

As at the opening of business on September 1, 2004.

	Number of Housing Loans	Percentage of Pool by number	Outstanding Balance of the Applicable Delinquent Housing Loans	Percentage of Pool by Outstanding Balance of Housing Loans

30 - 59 days	14	0.15%	A$3,582,064	0.23%
60 - 89 days	12	0.13%	A$2,748,068	0.18%
90 - 119 days	4	0.04%	A$861,073	0.06%
Greater than 120 days	9	0.10%	A$2,737,133	0.18%

Total Arrears	39	0.42%	A$9,928,338	0.65%


MORTGAGE INSURANCE CLAIMS INFORMATION

Details provided are in respect of the period since the Closing Date to the opening of business on September 1, 2004.

Amount of mortgage insurance claims made:	A$0
Amount of mortgage insurance claims paid:	A$0
Amount of mortgage insurance claims pending:	A$0
Amount of mortgage insurance claims denied:	A$0

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Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

	(a)		Financial Statements of Business Acquired.

			Not applicable

	(b)		Pro Forma Financial Information.

			Not applicable

	(c)		Exhibits.